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PT Kioson Komersial Indonesia Tbk (ISX:KIOS) Piotroski F-Score : 3 (As of Oct. 31, 2024)


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What is PT Kioson Komersial Indonesia Tbk Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Kioson Komersial Indonesia Tbk has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for PT Kioson Komersial Indonesia Tbk's Piotroski F-Score or its related term are showing as below:

ISX:KIOS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 3   Max: 7
Current: 3

During the past 9 years, the highest Piotroski F-Score of PT Kioson Komersial Indonesia Tbk was 7. The lowest was 1. And the median was 3.


PT Kioson Komersial Indonesia Tbk Piotroski F-Score Historical Data

The historical data trend for PT Kioson Komersial Indonesia Tbk's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PT Kioson Komersial Indonesia Tbk Piotroski F-Score Chart

PT Kioson Komersial Indonesia Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 1.00 3.00 5.00 6.00 3.00

PT Kioson Komersial Indonesia Tbk Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 3.00 3.00 2.00 3.00

Competitive Comparison of PT Kioson Komersial Indonesia Tbk's Piotroski F-Score

For the Software - Application subindustry, PT Kioson Komersial Indonesia Tbk's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Kioson Komersial Indonesia Tbk's Piotroski F-Score Distribution in the Software Industry

For the Software industry and Technology sector, PT Kioson Komersial Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Kioson Komersial Indonesia Tbk's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun24) TTM:Last Year (Jun23) TTM:
Net Income was 405.857 + -19097.049 + -4568.528 + -3935.446 = Rp-27,195 Mil.
Cash Flow from Operations was 848.777 + -2222.32 + 392.4 + -575.902 = Rp-1,557 Mil.
Revenue was 39334.818 + 39274.34 + 20132.355 + 20232.346 = Rp118,974 Mil.
Gross Profit was 6905.62 + -14772.24 + 652.861 + 264.151 = Rp-6,950 Mil.
Average Total Assets from the begining of this year (Jun23)
to the end of this year (Jun24) was
(183030.978 + 183986.424 + 166289.31 + 163204.415 + 159068.255) / 5 = Rp171115.8764 Mil.
Total Assets at the begining of this year (Jun23) was Rp183,031 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0 Mil.
Total Current Assets was Rp59,852 Mil.
Total Current Liabilities was Rp15,284 Mil.
Net Income was 527.194 + -2213.198 + 502.468 + 1041.719 = Rp-142 Mil.

Revenue was 101170.755 + 116327.156 + 125585.352 + 67097.118 = Rp410,180 Mil.
Gross Profit was 7588.638 + 6486.907 + 7201.76 + 9116.215 = Rp30,394 Mil.
Average Total Assets from the begining of last year (Jun22)
to the end of last year (Jun23) was
(110958.85 + 210985.84 + 180163.505 + 179295.321 + 183030.978) / 5 = Rp172886.8988 Mil.
Total Assets at the begining of last year (Jun22) was Rp110,959 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0 Mil.
Total Current Assets was Rp86,834 Mil.
Total Current Liabilities was Rp12,418 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

PT Kioson Komersial Indonesia Tbk's current Net Income (TTM) was -27,195. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

PT Kioson Komersial Indonesia Tbk's current Cash Flow from Operations (TTM) was -1,557. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun23)
=-27195.166/183030.978
=-0.14858231

ROA (Last Year)=Net Income/Total Assets (Jun22)
=-141.817/110958.85
=-0.0012781

PT Kioson Komersial Indonesia Tbk's return on assets of this year was -0.14858231. PT Kioson Komersial Indonesia Tbk's return on assets of last year was -0.0012781. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

PT Kioson Komersial Indonesia Tbk's current Net Income (TTM) was -27,195. PT Kioson Komersial Indonesia Tbk's current Cash Flow from Operations (TTM) was -1,557. ==> -1,557 > -27,195 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0/171115.8764
=0

Gearing (Last Year: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=0/172886.8988
=0

PT Kioson Komersial Indonesia Tbk's gearing of this year was 0. PT Kioson Komersial Indonesia Tbk's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun24)=Total Current Assets/Total Current Liabilities
=59852.153/15283.551
=3.91611563

Current Ratio (Last Year: Jun23)=Total Current Assets/Total Current Liabilities
=86834.345/12418.054
=6.99258877

PT Kioson Komersial Indonesia Tbk's current ratio of this year was 3.91611563. PT Kioson Komersial Indonesia Tbk's current ratio of last year was 6.99258877. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

PT Kioson Komersial Indonesia Tbk's number of shares in issue this year was 1075.857. PT Kioson Komersial Indonesia Tbk's number of shares in issue last year was 1075.86. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=-6949.608/118973.859
=-0.0584129

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=30393.52/410180.381
=0.07409794

PT Kioson Komersial Indonesia Tbk's gross margin of this year was -0.0584129. PT Kioson Komersial Indonesia Tbk's gross margin of last year was 0.07409794. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun23)
=118973.859/183030.978
=0.65002034

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun22)
=410180.381/110958.85
=3.69668919

PT Kioson Komersial Indonesia Tbk's asset turnover of this year was 0.65002034. PT Kioson Komersial Indonesia Tbk's asset turnover of last year was 3.69668919. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+0+1+1+0+1+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Kioson Komersial Indonesia Tbk has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

PT Kioson Komersial Indonesia Tbk  (ISX:KIOS) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


PT Kioson Komersial Indonesia Tbk Piotroski F-Score Related Terms

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PT Kioson Komersial Indonesia Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Alaydrus Nomor 66 BC, Lantai 3 Kelurahan Petojo Utara, Kecamatan Gambir Jakarta Pusat, DKI Jakarta, Jakarta, IDN, 10130
PT Kioson Komersial Indonesia Tbk is a technology company that provides platform software and hardware to support micro, small, and middle businesses in Indonesia. The company offers products across four categories, including e-commerce items such as fashion, office supplies, health and beauty devices, and electronics; non-e-commerce digital products like credits, telephone, and electricity tokens; payment services covering telephone and utility bill payments; and financial services acting as agents for banks, Laku Pandai, insurance, and multifinance.

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